Business for sale

Company overview

– Domiciliary care provider offering homecare, palliative and dementia care, hospital discharge support, Roving Night and Extra Care schemes

– Care provided to elderly clients and people with dementia, plus adults with mental health problems and learning difficulties

– Contracts and framework agreements in place with councils in Lancashire and Yorkshire

– Operates from three offices in Lancashire and West Yorkshire

– Trading for over 20 years

Key highlights

  • Significant growth over the last two years from successful tendering of new contract work with a range of local councils
  • Recently extended the Roving Night support countywide across Lancashire
  • Developing a specialist offering of Extra Care housing, currently managing two schemes in Lancashire, with a third due to commence later in 2020
  • 12-month run rate once new contracts are fully operational show estimated turnover of £4.1 million, gross margin of 29.8% and adjusted EBITDA of £469k
  • Established infrastructure in place enabling the company to operate autonomously, with minimal input from shareholder
  • Extensive experience within the industry with strong relationships developed in both the public and private sectors
  • Loyal and dedicated workforce providing a stable and knowledgeable foundation for the business

Financial performance

Year ended 31 May2018 Actual £'0002019 Actual £'0002020 Forecast £'00012-month Run Rate £’000
Gross profit6439921,0131,219

PM+M Corporate Finance is a trading name of PM+M Corporate Finance Limited, a company registered in England and Wales No. 03661920. Regulated by the Institute of Chartered Accountants in England and Wales (ICAEW) for the provision of corporate finance and associated investment advice.

Whilst every care has been taken in compiling this content, the information provided has been supplied by our client and we make no representations or warranty (expressed or implied) about its accuracy. Any purchaser must satisfy themselves as to the accuracy of the information herein. PM+M Corporate Finance Ltd, its directors, associated companies and employees accept no liability and disclaim all responsibility for the consequences of anyone acting, or refraining to act as a result of information contained in this web listing, or for any decision based on it. You should not act upon it without seeking specific professional advice tailored to your circumstances, requirements or needs.

The materials on this web listing are intended only for professional, institutional or qualified investors. It may not be suitable for retail or individual investors. If you are in doubt as to what action to take you should consult your financial adviser or other authorised person specialising in investments of the kind in question. If you are a retail or individual investor and you proceed to access these materials, you understand that you are doing so at your own risk and that neither PM+M Corporate Finance Ltd or its associated companies have solicited or encouraged your access.

Stay Connected